Texas Spot Power Prices, U.S. Crude Inventories: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

POWER
Texas Spot Power Prices Soar Briefly to $9,000 per MWh - Spot power prices in Texas for Wednesday almost tripled after electricity demand hit record highs earlier this week and real-time prices briefly soared to $9,000 per megawatt-hour (MWh) as consumers cranked up air conditioners to escape a brutal heat wave. (Reuters)

States, Cities Sue Trump Administration Over Carbon Rule Replacement - Twenty-two states, including New York and California, and seven cities on Tuesday sued to challenge the Environmental Protection Agency's replacement of the Obama administration's Clean Power Plan, arguing it prolongs U.S. reliance on coal power and obstructs states that pursue cleaner electricity generation. (Reuters)

LNG
Australia to Fast Track LNG Regasification Terminal Review - Australia's New South Wales government said on Wednesday it will fast track its review of a liquefied natural gas (LNG) import terminal at the port of Newcastle. The $430 million Newcastle GasDock LNG project, planned by South Korean firm EPIK, was declared "critical state significant infrastructure," which means the project will not have to go to the state's independent planning commission for approval, saving several months in the review process. (Project 300496385) (Reuters)

CRUDE OIL
U.S. Crude Oil Inventories Rise - The U.S. Energy Information Administration reports that U.S. crude stocks rose by 1.6 million barrels for the week ended August 9, to 440.5 million barrels. Gasoline stocks fell 1.4 million barrels. (Houston Chronicle)

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Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.